All Forum Posts by: Kumar Paj

With an expanding rental portfolio and next step to focus on Multi-family, it seems to be a better idea to hire a professional Property Management company to mange my rental units. Most of my rental units are in Western suburbs of Chicago and looking for a professional, experienced and reliable property manager to handle that. 

Would appreciate recommendations from experienced BP members/investors.

Will also appreciate any thoughts, suggestions or precautions I should be taking before hiring a property manager. 

Thanks!

@Atul Mohlajee...that makes sense...I also have my all rentals around the area I live in but now I started thinking being more open to other areas (and may be out of state) for better opportunities  and better cash flow...

@Atul Mohlajee....very sweet deal....and great cash flow...I love Cash Flowing properties....a perfect way to retire early......

I always thought about Forest Park but not yet invested in there so far... 

how is the market around Forest Park???

thanks!

Agree with @Robert R.

Mortgage brokers can offer more options and make it work...I tried many times and never made it work with banks.... 

I don't have experience with Credit Union and Community banks though....may be I should try that...

@Russell Naylor  Thanks ! I feel good now....

@Dave GrimsonThanks for the quick response.

They are asking for 9 month lease with an option to renew the lease on month-to-month and I am good with that.  My only concern is that they denied to sign on the lease as a guarantor and said that they will give me Payment Commitment letter, not sure what exactly it means.

also, I ran credit-background on applicants and their credit is not so good so just wanted to make sure I am not getting into any complications....

in your case, did they sign as guarantor or how did you make sure that you will get paid on time??? 

thanks!!!

Hi,

I received a phone call from ALE Solutions and they want to place their client for a short term bases and they are ready to pay premium (35% above the listing price). I find it attractive but they are suggesting that the occupant (policy holder) will sign the lease and ALS will provide a Payment Letter of Commitment. I am not sure how reliable are such agencies and it is okay to work with them. Anyone who worked with ALE Solutions????  will appreciate thoughts...suggestions in this regard.

Thanks!

Welcome to BP! 

Please PM me the details.

thanks!

Hi, 

I'm looking for recommendations for investor friendly Property Manager who serve the W suburbs of Chicago, from Glendale Heights, Wheaton, Auroa, Naperville, Bolingbrook etc.

Thanks in advance